Antoine Augustin Cournot: The Pioneer of Modern Economic Ideas

Abstract

Augustin Cournot, an unsung pioneer of many economic ideas during his time, who has written the book, Theory of Wealth, where he developed many economic ideas including the oligopoly theory, doupoly model, the ideas of function and probability into economic analysis. This paper discusses the way he thought the economics should be analyzed as well as his life cycle.

AUGUSTIN COURNOT, 1838, TRANSLATED BY NATHANIEL T. BACON WITH A BIBLIOGRAPHY OF MATHEMATICAL ECONOMICS BY IRVING FISHER, RESEARCHES INTO THE MATHEMATICAL PRINCIPLES OF THE THEORY OF WEALTH, NEWYORK, THE MACMILLAN COMPANY, LONDON: MACMILLAN AND CO. LTD. 1897.